I did some information delving on Bank of Deyang using my work systems and the following details are as follows.
Bank of Deyang World rank (1, 571); country rank (107) Services: asset management, bills of exchange, capital markets, corporate finance, correspondent banking, letters of credit Ownership: Deyang City State - Owned asset management company 20% Correspondent partners: Commerzbank, Deutsche Bank, Bank of China, Bank of Montreal, JPMorgan Chase
Financials (as of Dec 2010 - USD) Total Assets: $4.8 bil Net profit (2010): $55.7 mil **note** deposits = $4.3bil USD. (Included in the Total Assets)
It's a small bank in China but after doing further analysis on their financials they are growing in size on average of 60.6% per annum. The growth is predominately from deposits. In 2008 they had deposits of US$ 1.7bil. Now it's in excess of $4bil
I hope this helps, in shedding some light on this bank.
Cheers,
FS
SDL Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held